K. BUYERS GUIDE
KARIN ERICSON L I C EN S E D R E A LTO R ® “Representing BC homeowners and future homeowners, Karin is committed to listening to her clients’ needs and utilizing her keen negotiating skills to ensure a successful transaction. “Raised on the West Vancouver, Karin understands the numerous intangible benefits of life in the Pacific Coast area, with its unmatched weather, culture, and diversity. Karin graduated from UNBC with a Bachelor of Science degree in Food Science and Nutrition, and subsequently returned to the Vancouver area to excel in pharmaceutical sales with Wyeth Laboratories for over ten years. She joined the Real Estate profession as her three children approached their middle school and high school years. “In the past eight years, Karin has become an esteemed realtor, highly regarded by her clients and professionals in the field. A current est Vancouver resident, she is well-connected and actively involved in the community. Her contacts and life-long residency leverage her enthusiasm and expertise, enhancing her client dedication. “Karin showcases her homes on her website and utilizes a team of professional service providers to assist with her clients’ buying and selling needs, including stagers, painters, designers, handymen, and inspectors. She is communicative, thorough, and detail-oriented—and she’ll be alongside you every step of the way.”
BU Y I N G I NFOR M ATIO N
1. MAKING THE RIGHT CHOICE It is very important to evaluate yourself and your situation to help ensure that buying a home is the right decision for you. We believe in full disclosure and the importance of planning. Some questions you should ask yourself: • What reasons are prompting you to move and what is your preferred timeline? • Have you been through the pre-approval process? What amount are you approved for? • When we find the right home for you, are you prepared to make an offer? 2. YOUR LIFESTYLE Deciding on what type of home you want to live in is just as important as deciding on where you want to live. For some, location is everything. For others, home details are everything. It is important that you decide what is most important for you and what type of lifestyle you truly desire. 3. LOCATION, LOCATION, LOCATION. Another important decision during the buying process is proximity to important things such as schools, work, grocery stores, and amenities such as shopping centers, restaurants, parks and recreation centers. These things define your lifestyle choice and are not only necessary, but convenient. 4. WHEN SHOULD I SELL? You should immediately establish your time frame for selling. For many sellers, it is an urgent matter, and for others, not so much. Obviously, serious sellers would like to sell as quickly as possible and for the most amount possible, however, it is good to know what the most effective plan of action is before listing your home. If you need to sell quickly, I can speed up the process by giving you a complete market analysis and action plan to obtain all of your goals. If there is no pressing need to sell immediately, you can sit down with me to thoroughly review the current market conditions and find the most favorable time to for you to sell.
BU Y I N G PR O C ESS
GETTING STARTED You’ve decided you want to buy a home. Now what? The first – and most important step to the home buying process is financing. You can’t do anything until you know how much you can afford. To get started, you need to understand what lenders are looking for from a borrower. There are three main factors that help determine if you qualify for home financing: income, assets, and credit history. DIFFERENT TYPES OF MORTGAGES: Getting a mortgage is one thing. Getting a mortgage that best suits your situation is another. Some mortgages have less strings attached but have more strict stipulations, while others may be harder to get, but have more flexibility. It is important to have all the information about mortgages available to you before you decide to move forward in the purchase of a home. Find out how I can help you find the mortgage that best suits you. INCOME & ASSETS Most loan programs require the lender to verify all of your income sources. Typically you will need to provide pay stubs, your T-4 and copies of your tax returns. Lenders will also want to go through your assets and how much of a down payment you will have when determining your loan approval. CREDIT HISTORY All lenders review a borrower’s credit history to determine the type of credit used, the amount owed, and the borrower’s repayment history.
BU Y E R ’S PR E PA R ATIO N
You’re ready to buy - or maybe you’re just ready to start seriously thinking about buying. There’s a lot you can do to prepare. With so much information available at your fingertips, you may already be doing a lot of your own research. Here are a few things to keep in mind while you get started. DETERMINE YOUR PRICE RANGE The best place to start when buying a home is to find out how much house you can afford. An experienced agent can refer you to a mortgage broker who can assist you with determining how much of a down payment you can afford, comfortable monthly payment, and the type of loan that fits your needs best. Serious buyers who are highly motivated should go through the effort of getting pre-approved; not only will this allow you to focus your home search, but it will also position you as a serious buyer in the eyes of sellers when the time comes to make an offer. MAKE A LIST AND PRIORITIZE Imagine your ideal home and location. Now make a list of everything you envisioned, take that list and break it down from high to low priority. High-priority items are the things you cannot live without in your new home. (Large Bedrooms, Large Closets, High-end appliances, proximity to amenities and schools, etc.). Lower-priority items are those that are an added bonus, but not necessary. (Jetted-tub, landscaped yard).
|| TRUSTED ADVICE || STICK TO THE SCHEDULE Now that you have made an offer, you and the seller will be given a timeline to mark every stage in the process of closing the real estate contract. Meeting the requirements on time ensures a smoother flow of negotiations and also ensures that each party involved is not in breach of their agreements. During the process we will keep you constantly updated so you will always be prepared for the next step.
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HO M E I NS P E C TIO N S
THE PRICE IS NOT ALWAYS RIGHT It is a good idea to make sure what you think you are buying is indeed the property you are buying. It is so important to feel comfortable with your purchase during the home buying experience. Feeling comfortable starts with financing, but then leads into feeling confident that your purchase is sound. Having a professional home inspector is the way to gain peace of mind. A proper inspection will cover all areas of the house both structurally and mechanically and give you an objective view of the property. A qualified home inspector will also provide you with a written report indicating areas of concern and the estimated cost of repairs. HERE ARE A FEW HOME INSPECTION TIPS: • Ensure the home inspector checks for visible issues with plumbing, electrical systems, roof, insulation, walls, ceilings, floors and windows, and the condition of the foundation. • Ensure your home inspector gives you a close and personal look at your new home. It takes about three hours to go through all the systems, and if there are any problems, you will see them with your own eyes. They will also give you maintenance tips and easy fixups, if necessary. • Ensure that in the end, you receive a detailed report that summarizes the condition of your home.
M OV I NG C HE C K L IST
IMPORTANT INFORMATION It is important that you use this checklist in order to be well-prepared when buying a home. The last thing you would want to happen is to move into a home without the necessities in life such as electricity, gas, water, or work/school related services such as Internet/phone, etc. Be sure everything is in order to keep things running smoothly during the buying process. If you need assistance, I am always here to lend a helping hand. It`s what I do! UTILITY PROVIDERS • Electricity Providers • Telephone Providers • Water & Sewage • Cable & Internet Providers • Gas Providers
BUSINESS ACCOUNTS • Banking Institutions • Cell Phone Providers • Department Stores • Financial Companies • Credit Card Companies
GOVERNMENT INSTITUTIONS • CRA • Post Office • Schools • Provincial Licensing • Library
CLUBS & MISCELLANEOUS • Country Club • Health & Fitness Club • Recreation Club • Book Club • Other Club
INSURANCE COMPANIES • Auto Insurance • Health Insurance • Benefits Provider • Home Insurance • Life Insurance PROFESSIONAL SERVICES • Broker • Accountant • Doctor • Dentist • Lawyer
ON L I N E E X POS UR E
My innovative site connects sellers with buyers and gives you access to potential listings that fit your criteria before they are exposed to the masses. I use the Internet and all online tools to help find the home that best suits you. With most buyers checking the web, getting online is the most effective and efficient way to find your next home. My web presence and online network will help speed up this process. Below shows that most people search for a home using three main search engines. I make sure to connect to these sources in order to utilize every avenue, including our own, in order to find that ideal home for you.
AT T R AC T I N G BUYE R S
WHERE DO BUYERS COME FROM? INTERNET - 51% REALTOR® - 34% CALL ON YARD SIGN - 4% FRIEND/RELATIVE/NEIGHBOR - 4% OPEN HOUSE - 4% NEW BUILDER - 2% LOCAL NEWSPAPER/MAGAZINE - 1% KNEW THE SELLER - 1%
|| TRUSTED ADVICE || YOUR WISH LIST Many agents have trouble keeping up with your wish list and many times end up cutting corners when searching for a home that fits your criteria. There is definitely some compromises that sometimes have to be made, but it is my duty to find the ideal home in the ideal neighborhood for an ideal price. Now doesn’t seem ideal?
THE OF F E R P R O C E SS
NEGOTIATING THE RIGHT WAY I take the ethical responsibility of fairly negotiating contractual terms very seriously. It is my job to find a win-win agreement that is beneficial to all parties involved. You may even have to deal with multiple offers, so make sure that yours is strong if you really want the home. As your agent, I will guarantee a thorough and objective assessment of the homeâ€™s true value to help you make the right choice. THE INITIAL AGREEMENT AND DEPOSIT An effective agreement is a legal arrangement between a potential purchaser and the propertyâ€™s seller. Laws vary but in order to be a legally binding agreement, the agreement may require consideration. This consideration (initial and additional deposit) is to be held in trust pending the fulfilment of conditions or contingencies in the effective agreement.
KEEP WRITTEN RECORDS OF EVERYTHING For the sake of clarity, it will be extremely useful to transcribe all verbal agreements including counter-offers and addendums, and convert them to written agreements to be signed by both parties. I will assist you in drafting all the paperwork for your purchase and make sure that you have copies of everything.
TE ST I M O N I A L S
“We were originally referred to Karin as she was well-known in the community for being a successful real estate investor. What we learned from Karin far exceeded any expectations we had. She not only guided us through the entire legal process of real estate investing but he also helped us develop a complex strategic investment plan that we continue to follow to this day. We now have 6 rental properties and earn more cash flow passively then with both our full-time jobs combined. We are financially secure and cannot thank Karin enough for all he has done for us.”
Jerry & Julie “Karin made house shopping/buying and selling so easy and stress free!! She was incredibly organized, honest and efficient with every step of the process. As a first time home buyer, it was very intimidating to me but I never once felt worried - she’s incredible!! Highly recommend her for any real estate needs!! Thanks for finding us our dream home!”
Lee-shawn “I’ve been with Karin for a few years and will never deviate! She’s personal, professional, detail-oriented, effective and keeps your needs above hers. She and her team work tirelessly at doing their best and I highly recommend them and their services.”
Stacey & Junior “My wife and I had the pleasure of working with Karin and her team on the purchase and sale of our first home, and the purchase of our new home. Karin always went out of her way to make sure that he understood our requirements, and was critical in walking us through both the purchasing and selling process. She has a great sense of humour and upbeat personality which makes the entire buying and selling process run smoothly. I would highly recommend Karin for your real estate needs.”
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MAIN PHONE: 778.979.7788 email@example.com 2 3 9 7 M A R I N E D R , W E S T VA N C O U V E R , B C